Baidu’s smart EV brand JIDU raises $400M in Series A round

Baidu’s intelligent electric vehicle arm JIDU announced that it has closed Series A financing, raising nearly $400 million. This round of financing was backed by Baidu and its strategic partner multinational auto manufacturer Zhejiang Geely Holding Group (Geely). With the completion of financing, JIDU is set to continue accelerating the progress in R&D and achieving mass […]